Choose the word which best expresses the mean | vedclass

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Question

(D) The word $INSOLVENT$ refers to a person or entity that is unable to pay their debts.Among the given options,$Bankrupt$ is the most precise synonym

Vedclass · Accepted Answer

Bankrupt

Vedclass · Answer

(D) The word $INSOLVENT$ refers to a person or entity that is unable to pay their debts.Among the given options,$Bankrupt$ is the most precise synonym for $INSOLVENT$ as it specifically describes a legal state of being unable to pay one's debts.While $Poor$,$Penniless$,and $Broke$ describe a lack of money,$Bankrupt$ is the formal term that matches the financial context of $INSOLVENT$.

Choose the word which best expresses the meaning of the given word.
$INSOLVENT$

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Choose the word which best expresses the meaning of the given word.$INSOLVENT$